Consider four different stocks, all of which have a required return of 18.5 percent and a most recent dividend of $3.15 per share. Stocks W, X, and Y are expected to maintain constant growth rates in dividends for the foreseeable future of 11.5 percent, 0 percent, and -6 percent per year, respectively. Stock Z is a growth stock that will increase its dividend by 20.5 percent for the next two years and then maintain a constant 13.5 percent growth rate, thereafter. Requirement 1: What is the dividend yield for each of these four stocks?

Stock W	%
Stock X	%
Stock Y	%
Stock Z	%

Requirement 2:

What is the expected capital gains yield for each of these four stocks? (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 2 decimal places (e.g., 32.16).)

	Capital gains yield
Stock W	%
Stock X	%
Stock Y	%
Stock Z	%